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☆ My life in NYC revolved around drinking. After I got laid off from Hinge, I moved across the country and started a non-alcoholic wine brand. I'm never going back.
▼ + stars: | 2022-11-18 | by ( Hannah Towey | ) www.businessinsider.com time to read: +8 min

During the pandemic, she moved across the country and started a non-alcoholic wine company. After I was laid off, I started a non-alcoholic wine companyCourtesy of Molly FedickIn December of 2020, I was laid off from Hinge along with a few other people on the marketing team. It was during that time that I came up with the idea for my business Buzzkill Wines, which is a non-alcoholic wine company. So when I stopped drinking, I Googled non-alcoholic wine. I love how inclusive the "sober-curious" movement isLondon's first adult non-alcoholic drink store.

☆ Inflation is making it harder for U.S. households to afford monthly expenses. Here are some tips to help make ends meet
▼ + stars: | 2022-10-27 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +1 min

Soaring prices are making it hard for many Americans to afford expenses each month. Costs are rising for nearly every major expense from housing and food to medical care. Having the money that's coming in each month going out just as fast is becoming increasingly common. In the last year, wages have increased by 4.9%, as inflation jumped by over 8.2%, according to the same report. Here are some strategies that could help stretch your paycheck.

☆ 'Run, don't walk' from index funds, says a hedge fund manager who ran one of the best-performing mutual funds. He breaks down why most funds aren't ready for a two-stage bear market that could last ov
▼ + stars: | 2022-10-25 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

George Noble says most fund managers and index funds aren't equipped for the changing economy. He admits that equity hedge funds haven't fared well in the last decade when their performance became mediocre. Between 1991 to 2009, he ran two hedge funds that eventually closed. He points to the Goldman Sachs Hedge Fund VIP Index, a collection of the top long-equity holdings within the portfolios of fundamentally driven hedge fund managers, as an example. For this reason, index funds, technology funds, and high-growth funds are a disaster.

☆ Handicapping whether the stock market is at a turning point after Thursday's upside reversal
▼ + stars: | 2022-10-15 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

We can at least run through what we know about this market and how market cycles tend to unfold more generally. Fewer individual S & P 500 stocks made a new 52-week low than in mid-June even as the index itself undercut the June low, a modest positive glimmer. The prior extreme lows on this chart were near noteworthy market lows, if not always right at them. The Stock Trader's Almanac notes that of the 23 S & P 500 bear markets since World War II, seven ended in October. The S & P 500 has failed in four tries of since late August even to get above the short-term 20-day moving average, most recently on Friday.

A credit union that's federally insured will have a NCUA sign on the website or building. Credit unions federally insured by the National Credit Union Administration, or NCUA, will also be secure. The NCUA controls the National Credit Union Share Insurance Fund, or NCUSIF, which is a fund by all participating credit unions. A credit union has to tell its members if a specific product isn't federally insured, so you'll know what is guaranteed by the credit union and what isn't. If your credit union closes, the NCUA will transfer your money to another credit union that's federally insured.

Bank of America, Chase, and Wells Fargo have the most bank locations in the US. Compare Bank of America and Chase and Wells Fargo Bank of AmericaChaseWells Fargo Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read our review Read Our Review A looong arrow, pointing rightBank of America vs. Chase vs. Wells Fargo savings account comparisonsMost brick-and-mortar banks pay a low interest rates on savings accounts. Bank of America Advantage Savings Account Chase Savings℠ Wells Fargo Kids Way2Save Savings Account APY 0.01% to 0.04% APY 0.01% APY effective as of 09/26/2022. Your money will be safe in a bank account if a financial institution is federally insured by the FDIC or NCUA.

☆ Buy these 8 stocks now before a 'pain trade' to the upside catches investors off-guard, says a top-2% fund manager
▼ + stars: | 2022-09-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

And I think that's going to be the story of this market." In fact, his fund, the Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA), is in the top 2% of its category this year, according to Morningstar. "As people get more confidence, they're not going back into what I call the 'ARKK type' stocks," Forlines said. While Linde provides investors with a dividend yield of 1.69%, BHP has a gargantuan dividend yield of 13.4%. Unlike some of its peers, it hasn't been hurt by the dollar's massive rally this year, and its dividend yield is over 4% right now.

☆ You should still apply for student loan forgiveness despite state taxes—here's why
▼ + stars: | 2022-09-17 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

The Biden administration's student loan forgiveness plan lifted a weight off of many Americans' shoulders, with some borrowers eligible to have up to $20,000 in federal student loans forgiven. North Carolina, Mississippi, and Indiana have all decided to tax student loan forgiveness, while states like Minnesota, Arkansas, West Virginia and Wisconsin remain undecided on the issue. Though it may be confusing, student loan forgiveness is still worth it for many borrowers, even if they're taxed. North Carolina A&T graduate Carlos Williams, who currently has $41,000 in student loan debt, agrees. Potential refunds for pandemic paymentsUpdates to the student loan forgiveness plan also allow refunds for some people who continued to pay during the student loan repayment pause that started in March 2020.

"It was early on in my research that I realized that passive index investing has the higher likelihood of success." He told Insider that he currently has 95% of his portfolio invested in Vanguard Total Stock Market Index Fund, Vanguard Total International Index Fund, and Vanguard Bond Index Fund. "The stock portion is split between international and total stock market index funds," Brandon said. "I've learned a lot over the years that I really like trying to time the market," Brandon said. As it turns out, Brandon said he "doesn't know better than anyone else, because I would've been better off keeping it in Vanguard total index fund."

In that environment, crooks were easily able to impersonate jobless Americans using stolen identity information for sale in bulk in the dark corners of the internet. When Yvonne Matlock lost her job last year and applied for unemployment benefits online, she was told she was already getting relief money. Through a public records request, NBC News obtained data from the Labor Department, which funds Covid relief unemployment benefits programs, that are riddled with blank values and underestimates. ID.meMore than two-thirds of states, 34, reported no cases of identity theft overpayments in the most vulnerable unemployment benefits program. Cash App, which describes itself as "the easiest way to send money, spend money, save money, and buy cryptocurrency," has been frequently used by fraudsters to move money, law enforcement officials and private consultants said.

The app only offered an individual taxable investment account, but that wasn't what I needed. In a Roth IRA, I can keep whatever I put in, and whatever I earn, totally tax-free. For my goal of building long-term wealth, investing in an individual taxable investment account should probably be the last step on my financial priorities list. There's a time and a place for individual taxable investment accounts. But, while I'm saving for the long run, a Roth IRA has too many advantages to pass up.

A CD ladder provides more flexibility than a single CD and hedges against interest rate volatility. First, since the CD ladder will include some shorter-term CDs, it provides more liquidity than just buying a single long-term CD. Here's how the renewal schedule would work if you built your initial CD ladder in February 2022:February 2023: Renew the one-year CD into a five-year CDFebruary 2024: Renew the two-year CD into a five-year CDFebruary 2025: Renew the three-year CD into a five-year CDFebruary 2026: Renew the four-year CD into a five-year CDFebruary 2027: Renew the five-year CD into a new five-year CDBy continuing to renew maturing CDs into five-year variants, eventually your entire ladder will consist of longer-term (and hopefully higher-paying) CDs. While setting up a CD ladder provides more flexibility than a single long-term CD, it's still less liquid than a savings account. A CD ladder is also not a true alternative to the stock market for long-term investing goals.

Define early retirementRetiring early doesn't have to mean never earning a paycheck again — unless you want it to. The first step on the path to early retirement is figuring out exactly what that phrase means to you. Depending on how much you spend, you'll generally aim for one of three categories of early retirement: FIRE, leanFIRE, and fatFIRE. Max out your retirement accountsThere's at least one common strategy present in nearly every story about financial independence and early retirement: early and frequent savings. You may find you hate the unstructured days of early retirement — would you go back to work?

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